Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$88,069$88,069$314,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$226,841$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%6.640%7.640%
1st payment$425.15$425.15$2,180.37
2nd payment$0.00$1,465.02$0.00
Taxes / mo$291.58$291.58$291.58
Insurance / mo$150.00$150.00$150.00
MI / mo$72.07$72.07$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$938.81$2,403.82$2,684.94
Cash to close$261,831$34,990$34,990